A 2010 study of mitochondrial DNA of the spoonbills by Chesser and colleagues found that the roseate and yellow-billed spoonbills were each other's closest relatives, and the two were descended from an early offshoot from the ancestors of the other four spoonbill species.
The Yellow Book standards help auditors hold the organizations they audit accountable. GAGAS contains requirements relating to ethics, independence, auditorsâ professional judgment and competence, quality control, performance of the audit, and reporting.
How it works/Example: There are four widely recognized accounting conventions that guide accountants: 1. Be conservative. In other words, play it safe. 2. Disclose in full. 3. Be consistent. In other words, use the same method for calculating and reporting similar events. 4. Report everything that is important.This is also known as the materiality convention. In other words, an item or event is material (and thus should be disclosed) if knowledge of the event or item might reasonably influence the users of the financial statements.here are four widely recognized accounting conventions that guide accountants: 1. Be conservative. In other words, play it safe. 2. Disclose in full. 3. Be consistent. In other words, use the same method for calculating and reporting similar events.